Legislative Commission on Pensions and Retirement
Legislative Commission on Pensions and Retirement



LCPR Updates

What happened to the 2017 Omnibus Pension Bill?

Sunny Capitol

The LCPR approved the 2017 omnibus pension bill at its meeting on May 10, 2017. From there, the bill, as S.F. 545, went to the State Government Finance and Policy and Elections, Rules and Administration, and Finance Committees in the Senate and, as H.F. 565, to the Government Operations and Elections Policy, Rules and Legislative Administration, and State Government Finance Committees in the House. The bill was amended in several committees and approved by each committee that considered it.

On Sunday, May 21, 2017, S.F. 545, the third engrossment, was considered by the Senate and, with several amendments adopted on the floor, was unanimously approved by all members. The bill was not heard in the House.

Governor Dayton vetoed S.F. 3 on May 30. The letter from the Governor explaining the reason for the veto focused on his objection to the preemption provisions... Read full LCPR report (PDF)

Minnesota News

Minnesota's systems seek legislative action on proposed reforms (MSRS/PERA/TRA, StarTribune)

Retirement Systems Building

The complexity of the systems makes it easy to underestimate their value and for opponents to use data selectively. Read full article...

Minnesota's public-pension system is in crisis (K. Crockett, StarTribune)

Center of the American Experience logo

State's system is losing ground fast, relative to others. Here's why. Read full article...

How healthy are Minnesota’s pensions? Depends on where you look (Pioneer Press)

Sunny Capitol

Minnesota’s pension plans have long had a reputation as safe and solid, Read full article...

Minnesota looking at moving to strategic asset allocation, returns 15.1% in fiscal year (P&I)

Minnesota Welcomes You

Minnesota State Board of Investment is considering restructuring its approximately $65 billion retirement investment portfolio into more strategically oriented categories. Read full article...

National News

New Math Deals Minnesota’s Pensions the Biggest Hit in the U.S. (Bloomberg)

Pension Deficit Graph

Minnesota’s debt to its workers’ retirement system has soared by $33.4 billion, or $6,000 for every resident, courtesy of accounting rules. Read full article...
Links to MN Plans' GASB Reports

States face costly future if their citizens fail to save enough for retirement (NCSL)

Most Americans are not saving enough for retirement. The problem is especially severe among small-business employees, low-income workers and communities of color. On the brink of a national retirement security crisis, state lawmakers are stepping into the breach with a spectrum of innovative solutions. Read full article...

Contact Us

To request or discuss legislation and for answers to questions regarding the LCPR, pension and retirement plans for public employees, and retirement topics in general, contact the Commission at:

Location:    Room 55 State Office Building     
100 Rev. Dr. Martin Luther King Jr. Blvd.   
St. Paul, MN 55155

 View map
Fax: 651-297-3697
Members:Commission member contact information
Staff:Susan Lenczewski,
Executive Director
Rachel Barth,
Deputy Director
Lisa Diesslin,
Commission Assistant
susan.lenczewski@lcpr.leg.mn    rachel.barth@lcpr.leg.mn    lisa.diesslin@lcpr.leg.mn


Legislative Calendar

Click on a date to see all House, Senate, and joint meetings for that day

Upcoming Meetings

Legislative Commission on Pensions and Retirement  ·  55 State Office Building, St. Paul, MN 55155   ·  lcpr@lcpr.leg.mn